• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
  • 200 FREESPINS
Breaking News: BREAKING: PayPal Goes All-In On Crypto Payments—Even Memecoins Are In
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
  • 200 FREESPINS
Bitcoinist.com
No Result
View All Result
Breaking News: BREAKING: PayPal Goes All-In On Crypto Payments—Even Memecoins Are In
Bitcoin

In German, Michael Saylor Issues A Strong Bitcoin Statement – Here’s What He Said

Christian Encila
by Christian Encila
1 year ago
·
Posted in Bitcoin
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Recently, the German authorities liquidated Bitcoin valued at about $3 billion. From June 19 to July 12, the German government sold 49,858 BTC tokens for approximately €2.6 billion, or $2.9 billion.

Related Reading: $2.5 Million In Crypto Targeted By US For ‘Pig Butchering’ Scam Victims

Regarded as an “emergency” measure, the sales had a connection to a continuing criminal probe. But both politicians and business executives have expressed strong disagreement and disapproval over the extensive liquidation.

The government promised that the sales were carried out in a way that supported the market, yet during the sale period, the value of Bitcoin fell by more than 22%, from $65,695 to $53,717.

Even with the purported prudence, many have begun to doubt the actual market impact of such a big sell-off in light of the recent precipitous decrease.

Michael Saylor Gives His Two Cents

The chairman of MicroStrategy and well-known supporter of Bitcoin, Michael Saylor, has been among the most outspoken opponents of the German government’s decision.

Saylor expressed his disgust on social media by posting in German, “Until you run out of Bitcoin, it’s not an emergency.” His somewhat mocking remark demonstrated his tremendous conviction in the potential of Bitcoin by implying that running out of the cryptocurrency is an emergency in and of itself.

Es ist kein Notfall, bis du kein #Bitcoin mehr hast.

— Michael Saylor⚡️ (@saylor) July 17, 2024

Michael Saylor instructed MicroStrategy to consistently invest in Bitcoin in 2020. A company with a $6.2 billion unrealized profit spent $8.3 billion on Bitcoin. Dedicated to the world’s most popular digital asset, Saylor believes current financial strategies must integrate it.

Legislator Shares Saylor’s Views On Bitcoin

German lawmaker Joana Cotar joins Michael Saylor in her chorus of criticism. Cotar said that Bitcoin should be kept on hand as a reserve and regretted the government’s decision to sell up its holdings.

Particularly at a time when Wall Street titans and other financial institutions are beginning to acknowledge Bitcoin, she called the selling useless.

BTC market cap currently at $1.2 trillion. Chart: TradingView.com

The liquidation in Germany has significantly drawn more backlash than that of other countries like El Salvador. Bitcoin became a legal currency for El Salvador in 2021 and now, the nation has 5,508 Bitcoin worth around $300 million.

Acting pro-actively, the Central American country treats Bitcoin as a regular form of money and implements regulations establishing private investment banks out of other digital assets as well.

Related Reading: ‘The People Want More’ – Trump To Release 4th NFT Collection

El Salvador’s laws reveal that more and more nations believe Bitcoin might be a valuable instrument for their own economies.

The fact that the nation welcomes Bitcoin is quite different from Germany’s decision to sell off its reserves. This opens the discussion about the impact of virtual currencies to national economies.

In the meantime, Saylor’s concerns about Germany’s massive crypto liquidations will be something that bitcoin aficionados will be closely keeping an eye on in the coming days or weeks.

Featured image from VOI, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christian Encila

Christian Encila

Follow

Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

Full Profile

Related Posts

Bitcoin

Bitcoin Backfire: How A $20-M Employee Heist Crashed Into Prison Time

9 hours ago
Bitcoin

Slow And Steady Wins? Bitcoin To Hit $1M Via ‘Pump’ And ‘Consolidate’ Pattern: Expert

1 day ago
Bitcoin

Bitcoin As A Lifeline: US Senator Champions BTC Amid Inflation Fears

1 day ago
Bitcoin

Behind Bitcoin’s Fall To $115,000: 40,000 BTC Flood Centralized Exchanges In A Day

2 days ago
Bitcoin

Bitcoin Tests Range Lows After Sweeping Local Liquidity

3 days ago
Bitcoin

It’s Not ‘Just Hype’ — Bitcoin Has Real Value, Says British Politician

4 days ago

Premium Sponsors

Press Releases

  • 迷因幣市場價值830億美元 Snorter...

    9 minutes ago
  • Start Bitcoin Mining Machines with “King of...

    6 hours ago
  • XRP launches cloud mining machine to earn $9141 a day...

    11 hours ago
  • Finestel Rolls Out TradingView Bot and Custom Signal Bot to...

    14 hours ago
  • Earn $3,800 a day – Start a Dogecoin Miner Using...

    15 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
  • 200 FREESPINS
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.